Pakistan’s Delicate Eid Bangles Go from Furnace to Forearms

 In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)
In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)
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Pakistan’s Delicate Eid Bangles Go from Furnace to Forearms

 In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)
In this picture taken on March 31, 2024, customers buy bangles at a shop in Hyderabad. Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations. (AFP)

Layers of intricately decorated bangles are a staple fashion accessory for women in Pakistan, a carefully considered part of their Islamic Eid al-Fitr celebrations.

More than a dozen people can be involved in the making of a single bangle, from sweltering factories to the homes of designers who skillfully decorate them by hand.

"Whatever the fashion trends, when we attend any event and wear any outfit it feels incomplete without bangles," said 42-year-old Talat Zahid, who uses beads, stitching and embroidery to embellish bangles.

"Even if you don't wear jewellery but wear bangles or a bracelet with your outfit, the outfit looks complete."

In the lead-up to this week's Eid al-Fitr festivities that mark the end of Ramadan, market stalls are adorned with a glittering array of colorful bangles, each turned over and inspected for their beauty and imperfections by women who haggle for a good price.

They are often sold by the dozen, starting at around 150 rupees (about 50 cents) and rising to 1,000 rupees as stones and silk are added.

Hyderabad is home to the delicate "churi" glass bangle, where a single furnace can produce up to 100 bangles an hour from molten glass wire shaped around an iron rod.

The work is arduous and frustrating -- laborers are exposed to oppressive temperatures in unregulated factories prone to frequent power cuts, while the fragile glass threads can snap easily.

"The work is done without a fan. If we turn on the fan the fire is extinguished. So the heat intensity is high. As it becomes hotter our work slows down," said 24-year-old Sameer, who followed his father into the industry and earns less than the minimum wage of 32,000 rupees ($115) a month.

After the partition of British-ruled India in 1947, migrating Muslims who had produced bangles in the Indian city of Firozabad took their trade to Hyderabad -- where hundreds of thousands of people rely on the industry.

But soaring gas prices after the government slashed subsidies have forced many factories to close or to operate at reduced hours.

"The speed at which the government has increased the gas prices and taxes, (means) the work in this area has started to shrink instead of expand," said 50-year-old factory owner Muhammad Nafees.

Most bangles leave the factory as plain loops, sent off to be embellished to different degrees by women who work from home, before they're finally passed on to traders to be sold in markets.

The production is often a family affair.

Saima Bibi, 25, works from home, carefully adding stones to bangles with the help of her three children when they return from school, while her husband works at the furnaces.

"They go through a lot of hands to be prepared," she said.



L’Oreal Shares Bounce on Third-Quarter Sales

A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)
A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)
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L’Oreal Shares Bounce on Third-Quarter Sales

A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)
A L'Oreal sign is displayed at the beauty products section of a department store inside a shopping mall in Beijing, China June 10, 2025. (Reuters)

Shares in L'Oreal rose 4% on Friday, hitting their highest in more than two years, after the French cosmetics giant reported third-quarter sales well ahead of expectations on strong demand for premium products in China and elsewhere.

Sales from July ‌to September rose ‌7.7% on an adjusted like-for-like basis ‌to €11.56 ⁠billion ($12.95 billion), topping a ⁠consensus analyst forecast of 5.9% growth in a Visible Alpha poll, L'Oreal said late on Thursday.

The maker of Lancome creams and Prada perfumes beat estimates for growth in all regions apart from Latin America, with North Asia, which is ⁠predominantly China, significantly ahead. All of its ‌divisions apart from ‌its mass market unit exceeded expectations.

"L'Oreal, once again, beat a ‌high bar," Barclays analysts said in a note.

Analysts ‌at Jefferies called the report "an impressively strong update", highlighting a "momentum shift in China and Europe" that lifted the growth rate in its Luxe division.

The group generates ‌a third of its revenue from its luxury division, but in China that ⁠business ⁠accounts for about two thirds of its sales in the market, positioning it well for a pick-up in Chinese demand. L'Oreal says it is growing three times faster than the market in China.

Shares were up 4.4% at €431.2 ($482.60) by 0917 GMT, the highest since June 2024. The shares are up by more than 17% this year.

"We see scope for the shares to test €450 as investors increasingly recognize the durability of its superior growth profile," the Barclays analysts added.


Gucci Owner Kering Drops 12% as Luxury Braces for Tough Winter

The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)
The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)
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Gucci Owner Kering Drops 12% as Luxury Braces for Tough Winter

The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)
The logo of French luxury group Kering is pictured on the day of the Kering General Assembly meeting at the company's headquarters in Paris, France, May 28. (Reuters)

Shares in Gucci owner Kering tumbled 12% on Friday after the group reported further sales declines, but said it would stick with CEO Luca de Meo's turnaround plan and accelerate store closures, aiming for 125 by year-end.

The recovery long promised by luxury brands seems nowhere in sight, as the expansion of war ‌in the Middle ‌East, along with China's tax crackdown on ‌the ⁠wealthy, piled further ⁠pressure on the world's biggest luxury conglomerates in the third quarter, and executives buckled in for a tough winter.

Riots in Paris, leaving Louis Vuitton shop windows smashed and electric-bike bonfires near luxury shopping hub Place Vendome, threw into sharp relief the political risk faced by luxury brands not just abroad but also ⁠at home.

Shares in LVMH and Hermes were ‌also down 1% to 1.5% on ‌Friday, as crude prices hit their highest level since early May, worsening ‌the squeeze on households that has curbed consumers' ability to ‌splurge on handbags and clothes.

Gucci's decline has continued despite de Meo's plan to make the brand's prices more enticing to middle-class consumers and creative director Demna's new collections hitting stores.

"The progress made on ‌improving brand desirability remains in its very early stages," JPMorgan analyst Chiara Battistini said in a ⁠note. Gucci ⁠sales improved in wholesale, but were down 6% overall as fewer shoppers visited its stores.

While Kering struggles to execute a turnaround against a weak economic backdrop, even high-end Hermes is showing signs of slowing, with its ready-to-wear division falling 2% in the third quarter due to weak Chinese demand. Overall, Hermes reported its weakest quarterly sales growth since 2020.

Across the sector, valuations have taken a beating as investors reassess future growth prospects. After a 40% slide in share price since January 1, Hermes' valuation is its lowest since 2014, while LVMH's is at a 10-year low.


UK's Debenhams Returns to Profit after Five Years, Expects Further Cost Cuts

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
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UK's Debenhams Returns to Profit after Five Years, Expects Further Cost Cuts

FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo
FILE PHOTO: Debenhams logo is seen on smartphone in front of a displayed Boohoo logo in this illustration taken January 25, 2021. REUTERS/Dado Ruvic/Illustration/File Photo

British fashion ‌retailer Debenhams , also known as boohoo, reported a profit for the first time in five years on Friday and expects further cost cuts as a turnaround plan gathers pace, said Reuters.

Here are some more details:

-The company reported pretax profit of £28.3 million ($37.89 million) for the six ‌months ended August ‌31, compared to a ‌loss ⁠of £17.9 million a year ⁠ago, its first profit before tax since August 2021.

-Expects to reduce costs related to depreciation, lease and interest in fiscal year 2028, while a new financial ⁠facility should further cut costs.

-Debt ‌to be ‌negligible by the end of the ‌year thanks to the disposal of ‌Sheffield automation and lease assignment and sale of Nasty Gal brand, the retailer said.

-The company reported steady growth ‌in September and reiterated its previous annual forecast of gross merchandise value (GMV) ⁠growth ⁠and adjusted core profit no less than £59 million.

-It expects to deliver more than £100 million in profit before tax in the medium term and become a multi-billion-pound GMV business.

-The group's turnaround plan has been focused on streamlining its operations to tackle mounting debt and slow demand at its youth brands.